Lawrence B. Seidman - May 22, 2024 Form 4 Insider Report for Bankwell Financial Group, Inc. (BWFG)

Role
Director
Signature
/s/ Courtney E. Sacchetti, Attorney-in-Fact for Lawrence B. Seidman
Stock symbol
BWFG
Transactions as of
May 22, 2024
Transactions value $
$486
Form type
4
Date filed
5/24/2024, 01:14 PM
Previous filing
Mar 11, 2024
Next filing
May 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BWFG Common Stock Purchase $486 +20 +3.5% $24.31 591 May 22, 2024 Deferred Compensation Plan F1
holding BWFG Common Stock 834 May 22, 2024 Direct F2
holding BWFG Common Stock 1.6K May 22, 2024 Direct F3
holding BWFG Common Stock 12.3K May 22, 2024 Direct
holding BWFG Common Stock 1.2K May 22, 2024 Direct F4
holding BWFG Common Stock 800 May 22, 2024 Direct F5
holding BWFG Common Stock 500 May 22, 2024 Direct F6
holding BWFG Common Stock 174K May 22, 2024 By Seidman and Associates, L.L.C.
holding BWFG Common Stock 126K May 22, 2024 By Seidman Investment Partnership, L.P.
holding BWFG Common Stock 166K May 22, 2024 By Seidman Investment Partnership II, L.P.
holding BWFG Common Stock 102K May 22, 2024 By LSBK06-08, L.L.C.
holding BWFG Common Stock 124K May 22, 2024 By Broad Park Investors, L.L.C.
holding BWFG Common Stock 19K May 22, 2024 By Chewy Gooey Cookies, L.P.
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Range of reported price is $24.24 to $24.39. Reporting person agrees to provide individual transaction to SEC upon request.
F2 2,500 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan with 833 vested immediately on December 29, 2023. 833 vested on February 7, 2024 and 834 will vest on February 7, 2025.
F3 1,600 shares of restricted stock granted on December 29, 2023, pursuant to the 2022 Bankwell Financial Group, Inc. Stock Plan and will vest in three equal annual installments of 25%, with the first installment to vest on February 7, 2025 and an additional 25% to vest on each annual anniversary of the vesting date thereafter.
F4 1,600 shares of restricted stock granted on December 30, 2022, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested on January 2, 2024 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 400 shares have vested.
F5 1,600 shares of restricted stock granted on December 31, 2021, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested on January 2, 2023 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 800 shares have vested.
F6 2,000 shares of restricted stock granted on December 8, 2020, pursuant to the 2012 Bankwell Financial Group, Inc. Stock Plan and will vest in four equal annual installments of 25%, with the first installment vested on January 2, 2022 and an additional 25% to vest on each annual anniversary of the vesting date thereafter. As of the filing date, 1,500 shares have vested.